THE OPEN

Market rallying but off the best levels with SPX +11 and NAZ +22.

Strong sectors- energy, semis, trannies and tech while gaming, gold, bonds and banks lag.

NYSE- 1540 net green;

NAZ- 1050 net green;

NDX- 85 GREEN;

OEX -80 GREEN;

VIX- lower by 6% at 48;

Crude 44.5 and Gold down at $910;

Volume 4/1 to the upside;

GE awful again at $6.33 - and with exposure to eastern Europe who knows where it eventually lands- other financials doing a bit better.

Looks like resistance on the ES futs at about 710 and the NDX at 1105- so lets see if we get past there- the fish looking at DIG/UYM and maybe an SRS long on a bigger upside move.